Negotiation decision functions for autonomous agents

We present a formal model of negotiation between autonomous agents. The purpose of the negotiation is to reach an agreement about the provision of a service by one agent for another. The model defines a range of strategies and tactics that agents can employ to generate initial offers, evaluate propo...

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Bibliographic Details
Published in:Robotics and autonomous systems 1998-09, Vol.24 (3), p.159-182
Main Authors: Faratin, Peyman, Sierra, Carles, Jennings, Nick R.
Format: Article
Language:English
Subjects:
Automated negotiation
Business process management
Multi-agent systems
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Summary:We present a formal model of negotiation between autonomous agents. The purpose of the negotiation is to reach an agreement about the provision of a service by one agent for another. The model defines a range of strategies and tactics that agents can employ to generate initial offers, evaluate proposals and offer counter proposals. The model is based on computationally tractable assumptions, demonstrated in the domain of business process management and empirically evaluated.
ISSN:0921-8890
1872-793X
DOI:10.1016/S0921-8890(98)00029-3